NEW YORK, March 3, 2015 /PRNewswire/ -- RateWatch, a premier banking data and analytics service owned by TheStreet, Inc. (NASDAQ: TST) reported today that national averages for CD rates of all durations this week remained unchanged as the Federal Reserve continued to keep the short-term federal funds rate at a range of zero to 0.25% since late 2008.
"CD rates saw no change from last week," said Scott Gamm, reporter with TheStreet.com. "The Federal Reserve insists inflation is a key ingredient for triggering a rate hike, but after last week's report from the Bureau of Labor Statistics, consumer prices fell in January, with core inflation rising only 0.2%. Tepid inflation leaves investors wondering if a 2015 rate hike is off the table."
NATIONAL AVERAGE RESULTS - $10K
This |
Last |
|
Money Market |
0.15 |
0.15 |
1 month CD |
0.11 |
0.11 |
3 month CD |
0.15 |
0.15 |
6 month CD |
0.23 |
0.23 |
1 year CD |
0.36 |
0.36 |
2 year CD |
0.56 |
0.56 |
3 year CD |
0.77 |
0.77 |
4 year CD |
0.95 |
0.95 |
5 year CD |
1.17 |
1.17 |
* National Average is calculated using one unique rate per institution. Averages are based on Banks, Savings & Loans, Brokers and Internet Banks with assets greater than $1 Billion.
TOP RATE ISSUERS - $10K
This is a list of issuers with top interest rates. The issuer's Financial Strength Rating is an independent, unbiased evaluation of quarterly regulatory statements. Institutions are assigned a letter grade of A-E with "A" representing the highest rating based on a review of many aspects of financial safety including capitalization, asset quality, profitability and liquidity. For more information, visit www.weissratings.com/help/what-our-ratings-mean.aspx. Information is believed to be accurate, but not guaranteed.
Money Market |
Financial |
Minimum |
APY |
Salem Five Direct |
B |
1 |
1.050 |
800-850-5000 |
|||
www.salemfivedirect.com |
|||
First NBC Bank |
B- |
10000 |
1.010 |
504-671-3550 |
|||
www.firstnbcbank.com |
|||
CrossFirst Bank |
C+ |
1 |
1.000 |
316-925-4800 |
|||
www.crossfirstbank.com |
|||
Sallie Mae Bank |
A- |
1 |
0.900 |
877-346-2756 |
|||
www.salliemaebank.com |
|||
Ally Bank |
A- |
1 |
0.850 |
704-444-4752 |
|||
www.ally.com |
|||
1 Month CD |
Financial |
Minimum |
APY |
Great Southern Bank |
B |
250 |
0.500 |
417-888-4316 |
|||
www.greatsouthernbank.com |
|||
Carter Bank & Trust |
C+ |
2500 |
0.450 |
276-632-2901 |
|||
www.carterbankandtrust.com |
|||
Umbrellabank.com |
C |
1000 |
0.400 |
866-862-7355 |
|||
www.umbrellabank.com |
|||
Beal Bank, SSB |
C |
1000 |
0.400 |
619-894-8066 |
|||
www.bealbank.com |
|||
Beal Bank USA |
B- |
1000 |
0.360 |
602-714-3838 |
|||
www.bealbank.com |
|||
3 Month CD |
Financial |
Minimum |
APY |
Beal Bank USA |
B- |
1000 |
0.510 |
602-714-3838 |
|||
www.bealbank.com |
|||
Umbrellabank.com |
C |
1000 |
0.510 |
866-862-7355 |
|||
www.umbrellabank.com |
|||
Institution for Savings In Newburyport |
B |
1 |
0.500 |
978-462-3106 |
|||
www.institutionforsavings.com |
|||
Great Southern Bank |
B |
250 |
0.500 |
417-888-4316 |
|||
www.greatsouthernbank.com |
|||
BAC Florida Bank |
C- |
10000 |
0.500 |
305-789-7000 |
|||
www.bacflorida.com |
|||
6 Month CD |
Financial |
Minimum |
APY |
GE Capital Bank |
A |
500 |
0.700 |
801-517-5000 |
|||
www.gecapitalbank.com |
|||
Beal Bank USA |
B- |
1000 |
0.700 |
602-714-3838 |
|||
www.bealbank.com |
|||
Colorado Federal Savings Bank |
B- |
5000 |
0.700 |
877-484-2372 |
|||
www.coloradofederalbank.com |
|||
Discover Bank |
C |
500 |
0.650 |
888-765-6654 |
|||
www.discoverbank.com |
|||
Carter Bank & Trust |
C+ |
2500 |
0.650 |
276-632-2901 |
|||
www.carterbankandtrust.com |
|||
1 Year CD |
Financial |
Minimum |
APY |
Bank Direct |
B- |
10000 |
1.210 |
877-839-2737 |
|||
www.bankdirect.com |
|||
Synchrony Bank |
C+ |
2000 |
1.200 |
866-869-4671 |
|||
www.myoptimizerplus.com |
|||
Nationwide Bank |
B |
10000 |
1.190 |
877-422-6569 |
|||
www.nationwide.com |
|||
VirtualBank |
B |
10000 |
1.160 |
561-776-8860 |
|||
www.virtualbank.com |
|||
Trustco Bank |
B |
500 |
1.150 |
845-485-6419 |
|||
www.trustcobank.com |
|||
2 Year CD |
Financial |
Minimum |
APY |
Synchrony Bank |
C+ |
2000 |
1.350 |
866-869-4671 |
|||
www.myoptimizerplus.com |
|||
Nationwide Bank |
B |
10000 |
1.350 |
877-422-6569 |
|||
www.nationwide.com |
|||
GE Capital Bank |
A |
500 |
1.300 |
801-517-5000 |
|||
www.gecapitalbank.com |
|||
Ally Bank |
A- |
1 |
1.290 |
704-444-4752 |
|||
www.ally.com |
|||
VirtualBank |
B |
10000 |
1.260 |
561-776-8860 |
|||
www.virtualbank.com |
|||
3 Year CD |
Financial |
Minimum |
APY |
First NBC Bank |
B- |
10000 |
1.770 |
504-671-3550 |
|||
www.firstnbcbank.com |
|||
Bank of Utica |
A |
500 |
1.500 |
315-797-2700 |
|||
www.bankofutica.com |
|||
Oritani Savings Bank |
A- |
1000 |
1.500 |
201-664-5400 |
|||
www.oritani.com |
|||
Capitol Federal Savings Bank |
B |
1000 |
1.500 |
785-235-1341 |
|||
www.capfed.com |
|||
Boiling Springs Savings Bank |
B- |
1000 |
1.500 |
201-939-6600 |
|||
www.bssbank.com |
|||
4 Year CD |
Financial |
Minimum |
APY |
Institution for Savings In Newburyport |
B |
1 |
2.000 |
978-462-3106 |
|||
www.institutionforsavings.com |
|||
Bank of Utica |
A |
500 |
2.000 |
315-797-2700 |
|||
www.bankofutica.com |
|||
BayCoast Bank |
C- |
10 |
1.950 |
508-678-7641 |
|||
www.baycoastbank.com |
|||
CIT Bank |
B |
1000 |
1.900 |
801-412-6800 |
|||
www.bankoncit.com |
|||
Nationwide Bank |
B |
10000 |
1.900 |
877-422-6569 |
|||
www.nationwide.com |
|||
5 Year CD |
Financial |
Minimum |
APY |
Bank of Utica |
A |
500 |
2.500 |
315-797-2700 |
|||
www.bankofutica.com |
|||
Barclays Bank Delaware |
C |
1 |
2.250 |
888-710-8756 |
|||
www.banking.barclaysus.com |
|||
GE Capital Bank |
A |
500 |
2.250 |
801-517-5000 |
|||
www.gecapitalbank.com |
|||
CIT Bank |
B |
1000 |
2.250 |
801-412-6800 |
|||
www.bankoncit.com |
|||
Northfield Bank |
B |
2500 |
2.250 |
718-448-1000 |
|||
www.enorthfield.com |
Financial Strength Rating: A=Excellent, B=Good, C=Fair, D=Weak, E=Very Weak, U=Unrated
Plus sign "+" = top of range, Minus sign "-" = bottom of range
Data is surveyed weekly with averages calculated each Monday afternoon from RateWatch's unbiased national interest rate survey of over 97,000 financial institution locations across the United States. National Average is calculated using one unique rate per institution. Averages and Top Rate Issuers are based on Banks, Savings & Loans, Brokers and Internet Banks with assets greater than $1 Billion.
About RateWatch
For over 20 years, RateWatch has been the premier provider of competitive interest rate and product information to financial institutions across the United States. Consistently providing top quality, highly relevant data RateWatch maintains the largest database in the industry with deposit, loan, and fee information monitoring over 97,000 locations. Rate surveys, product comparisons, financial strength reporting, local/regional/national averages, fee reporting, specialty reports and more are available. To learn more about RateWatch, visit www.rate-watch.com. RateWatch is a division of TheStreet, Inc.
About TheStreet
TheStreet, Inc. (www.t.st) is the leading independent digital financial media company providing business and financial news, investing ideas and analysis to personal and institutional investors worldwide. The Company's portfolio of business and personal finance brands includes: TheStreet, RealMoney, RealMoney Pro, Stockpickr, Action Alerts PLUS, Options Profits, MainStreet and RateWatch. To learn more, visit www.thestreet.com. The Deal, the Company's institutional business, provides intraday coverage of mergers and acquisitions and all other changes in corporate control. To learn more, visit www.thedeal.com.
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Contact: Scott Gamm, TheStreet, Inc., 212-321-5249, scott.gamm at thestreet.com
SOURCE TheStreet, Inc.
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